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2741 Dwight Way Berkeley, CA 94704

For Sale
$4,750,000

12-unit property near UC Berkeley with repositioning potential.

Lot size:
0.15 Acres

Property Features for 2741 Dwight Way

General Information

Lot size
0.15 Acres

Building Details

Year built
1964

Source: Keller Williams Realty Agent Joey Wang

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Dwight Way Student Housing Investment

Located blocks from UC Berkeley in Southside, 2741 Dwight Way is a 12-unit property. The 9,078 square foot, 3-story building features 2-bedroom, 1-bathroom layouts, each approximately 750 square feet. All units are currently leased to UC Berkeley students, with turnover expected within 2 years, presenting a repositioning opportunity. Units include original kitchens and baths, updated flooring, and large living rooms that offer layout flexibility for conversion to 3-bedroom units. Post-renovation rents are estimated to reach up to $4,200 per month. The property features a subterranean garage with 15 spaces and potential for ADU conversion. Situated on a major corridor with an AC Transit stop at the front door, the property is within walking distance of campus, cafes, and Downtown Berkeley BART. This property is an ideal long-term asset in a proven submarket.
Insight Report Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Berkeley
County
Alameda
State
California
Longitude
-122.252021
Latitude
37.8661009

FAQs

What type of property is this?
Apartment building - 12-unit property near UC Berkeley with repositioning potential.
Where is this apartment building located?
The property is located at 2741 Dwight Way Berkeley, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: - Prime location blocks from UC Berkeley in the Southside neighborhood, ideal for student housing.; - Strong repositioning opportunity with potential to convert 2BD units to 3BD units and increase rents to $4,200/month.; - Rare subterranean garage with 15 spaces and potential for ADU conversion.
More about this property
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